Modec wins Petrobras contract

  • Business Premium
  • Wednesday, 27 Aug 2008

RIO DE JANEIRO, Brazil (AP) - The Japanese firm Modec said Tuesday that it won a contract with Petrobras to build a floating production and storage facility that will drill for oil off the coast of Brazil in the nation's giant Tupi field.

Mitsui Ocean Development & Engineering Co., or Modec, a Tokyo-based provider of floating production systems said it will deliver the vessel at the end of 2010 as part of a 15-year contract.

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